Natixis Advisors LLC Buys 70,988 Shares of Meta Platforms, Inc. $META

Natixis Advisors LLC boosted its stake in shares of Meta Platforms, Inc. (NASDAQ:METAFree Report) by 3.6% during the third quarter, Holdings Channel reports. The fund owned 2,058,115 shares of the social networking company’s stock after acquiring an additional 70,988 shares during the period. Meta Platforms makes up approximately 2.2% of Natixis Advisors LLC’s holdings, making the stock its 5th biggest holding. Natixis Advisors LLC’s holdings in Meta Platforms were worth $1,511,439,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in META. Goldstone Financial Group LLC raised its position in shares of Meta Platforms by 44.4% during the third quarter. Goldstone Financial Group LLC now owns 3,752 shares of the social networking company’s stock worth $2,756,000 after acquiring an additional 1,153 shares during the last quarter. CW Advisors LLC lifted its stake in shares of Meta Platforms by 27.8% during the second quarter. CW Advisors LLC now owns 176,762 shares of the social networking company’s stock valued at $130,467,000 after acquiring an additional 38,432 shares during the period. Ashton Thomas Private Wealth LLC boosted its holdings in Meta Platforms by 34.2% in the third quarter. Ashton Thomas Private Wealth LLC now owns 52,252 shares of the social networking company’s stock valued at $38,373,000 after acquiring an additional 13,311 shares during the last quarter. Cherokee Insurance Co acquired a new stake in Meta Platforms in the second quarter worth about $3,321,000. Finally, Becker Capital Management Inc. increased its position in Meta Platforms by 5.0% in the third quarter. Becker Capital Management Inc. now owns 35,052 shares of the social networking company’s stock worth $25,741,000 after purchasing an additional 1,657 shares during the period. Institutional investors and hedge funds own 79.91% of the company’s stock.

Meta Platforms News Roundup

Here are the key news stories impacting Meta Platforms this week:

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $860.00 target price (up from $750.00) on shares of Meta Platforms in a research report on Thursday, January 29th. Arete Research reiterated a “neutral” rating on shares of Meta Platforms in a research report on Thursday, March 5th. Raymond James Financial dropped their price target on shares of Meta Platforms from $825.00 to $800.00 and set a “strong-buy” rating for the company in a research note on Monday, January 26th. BNP Paribas Exane started coverage on shares of Meta Platforms in a report on Monday, November 24th. They issued an “outperform” rating and a $800.00 price objective on the stock. Finally, Monness Crespi & Hardt lifted their target price on shares of Meta Platforms from $808.00 to $890.00 and gave the stock a “buy” rating in a report on Thursday, January 29th. Three investment analysts have rated the stock with a Strong Buy rating, thirty-nine have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Meta Platforms currently has a consensus rating of “Moderate Buy” and a consensus target price of $844.44.

Get Our Latest Research Report on Meta Platforms

Meta Platforms Stock Performance

META stock opened at $654.86 on Thursday. Meta Platforms, Inc. has a 1-year low of $479.80 and a 1-year high of $796.25. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 0.27. The firm has a market cap of $1.66 trillion, a PE ratio of 27.87, a P/E/G ratio of 1.01 and a beta of 1.30. The business’s 50-day moving average price is $654.42 and its two-hundred day moving average price is $679.16.

Meta Platforms (NASDAQ:METAGet Free Report) last announced its quarterly earnings results on Wednesday, January 28th. The social networking company reported $8.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $8.16 by $0.72. The company had revenue of $59.89 billion during the quarter, compared to the consensus estimate of $58.33 billion. Meta Platforms had a return on equity of 38.61% and a net margin of 30.08%.The company’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the prior year, the company earned $8.02 earnings per share. As a group, research analysts forecast that Meta Platforms, Inc. will post 26.7 earnings per share for the current year.

Meta Platforms Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 26th. Shareholders of record on Monday, March 16th will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 0.3%. The ex-dividend date is Monday, March 16th. Meta Platforms’s dividend payout ratio (DPR) is 8.94%.

Insiders Place Their Bets

In other Meta Platforms news, CFO Susan J. Li sold 56,571 shares of Meta Platforms stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $644.70, for a total value of $36,471,323.70. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Andrew Bosworth sold 8,089 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $631.24, for a total transaction of $5,106,100.36. Following the completion of the transaction, the chief technology officer owned 2,841 shares of the company’s stock, valued at $1,793,352.84. This trade represents a 74.01% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 161,446 shares of company stock worth $103,451,688. Company insiders own 13.61% of the company’s stock.

Meta Platforms Company Profile

(Free Report)

Meta Platforms, Inc (NASDAQ: META), formerly Facebook, Inc, is a global technology company best known for building social networking services and immersive computing platforms. Founded in 2004 and headquartered in Menlo Park, California, the company operates a family of consumer-facing products and services that connect users, creators and businesses. In October 2021 the company rebranded as Meta to reflect an expanded strategic focus on augmented and virtual reality technologies alongside its social media businesses.

Meta’s core consumer products include Facebook, Instagram, WhatsApp and Messenger, which enable social networking, messaging, content sharing and community building across mobile and desktop devices.

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Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

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